Quaker Chemical Co. (NYSE:KWR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Quaker Chemical Co. (NYSE:KWR) by 17.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,831 shares of the specialty chemicals company’s stock after selling 2,334 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of Quaker Chemical worth $1,825,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Quaker Chemical during the first quarter worth about $304,000. Price T Rowe Associates Inc. MD boosted its holdings in Quaker Chemical by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after purchasing an additional 3,441 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Quaker Chemical by 18.4% in the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company’s stock valued at $583,000 after buying an additional 442 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Quaker Chemical by 374.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock worth $710,000 after acquiring an additional 3,301 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Quaker Chemical by 54.5% in the 2nd quarter. SG Americas Securities LLC now owns 1,032 shares of the specialty chemicals company’s stock valued at $175,000 after purchasing an additional 364 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the sale, the executive vice president now directly owns 4,747 shares in the company, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the sale, the senior vice president now owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KWR shares. Royal Bank of Canada dropped their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday. Piper Sandler upped their target price on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

Quaker Chemical Trading Down 1.2 %

NYSE KWR opened at $155.86 on Friday. Quaker Chemical Co. has a 12 month low of $151.31 and a 12 month high of $221.94. The company has a 50-day moving average of $163.34 and a 200-day moving average of $169.37. The company has a market cap of $2.77 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.96 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The firm had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 earnings per share. As a group, equities analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.24%. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

About Quaker Chemical

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.